Question
From the lenders point of view, an ARM a. limits interest rate risk but potentially increases default risk b. limits default risk but potentially increases
From the lenders point of view, an ARM
a. limits interest rate risk but potentially increases default risk
b. limits default risk but potentially increases interest rate risk
c. decreases both default risk and interest rate risk
d. does not affect risk
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
